New lending criteria for 100% mortgage

Bank of Ireland Mortgages has introduced specific lending criteria for its new 100% mortgage.

First Time Buyers who wish to avail of the mortgage offering will need to have a minimum income of €35,000 per year (or €60,000 in the case of joint applicants) and up to maximum multiples will apply (between 4.75 times and 5 times their income and joint borrowers 4.5 times for joint borrowers).